Author: cryptotechbro
A Trump administration may lead to a less restrictive SEC Chair and more transparent crypto regulations.
Dive into the full October 2024 Bitcoin Report for the latest insights and analysis. Click here to read the full report: Read the ReportThe October 2024 edition of The Bitcoin Report is packed with expert insights and bullish price forecasts as Bitcoin continues to carve its place as the leading decentralized digital asset. This month, we focus on several key topics: Bitcoin’s decreasing exchange balances, ETF inflows surging past $5 billion, and bullish price targets that could redefine Bitcoin’s value over the next quarter. Featured contributions come from some of the biggest names in the Bitcoin space, including Caitlin Long,…
Stablecoin firm Paxos has issued a new dollar-pegged token with support from several popular crypto firms. Paxos announced the launch of a new U.S. dollar-backed stablecoin, the Global Dollar (USDG), in November alongside the introduction of a broader initiative featuring top companies in the blockchain sector. The company called USDG a “new, safe and trusted stablecoin.” It emphasized its intended goals of advancing stablecoin adoption globally and meeting the needs of regulated institutions with high operational standards. Paxos said that USDG is immediately available on Ethereum. The company plans to issue USDG on other blockchains in the near future. USDG…
Billionaire hedge fund manager Scott Bessent is reportedly positioning himself as the leading candidate for Treasury Secretary under a Donald Trump administration. Matthew Pines, Director at SentinelOne and National Security Fellow at the Bitcoin Policy Institute, shared an article from the Financial Times on X, highlighting Bessent’s ambitions. Trump’s Treasury Secretary Could Be Pro-Bitcoin The report, titled “Top Trump Fundraiser Lines Himself Up for Treasury Secretary,” indicates that Bessent has been actively canvassing candidates to serve as his deputies. As a key economic adviser to Trump, Bessent is widely regarded as a top contender for the Treasury position. With a…
Este artículo también está disponible en español. The Bitcoin price has now returned into a full bullish sentiment now that the crypto fear and greed index has flipped into greed. This shift reflects growing confidence among investors as optimism takes hold in the cryptocurrency market. For many investors, this renewed positive outlook serves as a strong foundation for more gains in the Bitcoin price. According to a crypto analyst, Bitcoin is ripe for a final ascent to the $300,000 price level. Interestingly, this outlook is not just based on the current bullish sentiment, but the analyst is going off of…
Ether traders argue the asset is still “too cheap” and is due for a “monster rally” as it neared the $2,900 price level.
Donald J. Trump has officially emerged victorious, claiming the presidency for a second time as the 47th President of the United States. With a critical victory in Pennsylvania and a decisive win in Wisconsin, Trump clinched the presidency by surpassing the 270 electoral votes needed to secure his return to the White House. These key battleground states, which were closely contested throughout the campaign, proved pivotal in pushing Trump over the threshold, solidifying his victory.Trump’s final electoral tally reflects significant support across much of the Midwest and South, with additional wins in states such as Ohio and Florida reinforcing his…
On-chain data shows the Bitcoin Difficulty has seen a third-consecutive increase in the latest network adjustment. Here’s what this means for BTC. Bitcoin Difficulty Has Just Set A New All-Time High According to data from CoinWarz, the BTC Difficulty has seen a positive change during the latest network adjustment. The “Difficulty” here is a metric that tracks how hard the Bitcoin miners would find it to mine on the network. This indicator’s value refreshes every couple of weeks without human involvement; the code Satoshi wrote automatically makes the adjustments. The latest such adjustment occurred during the past day and resulted…
During altcoin season, investors see an ideal time to “buy the dip,” as they seize the opportunity for the inevitable fluctuations that occur. Altcoin season – a period when altcoins experience larger gains than Bitcoin – can be a highly rewarding time for experienced cryptocurrency traders who know how to enter and exit market positions. However, it also requires considerable discipline, especially when deciding the right time to capitalize on a price drop. Altcoins and Their Benefits During altcoin season, the altcoin market receives significant inflows from investors and members of its community as they seek exciting gains and try…
Bitcoin market trend may be on the verge of a significant shift, according to a recent analysis shared by CryptoQuant analyst Percival. Percival described Bitcoin’s current phase as “chopsolidation,” a term used to describe a period of minimal directional movement where price consolidation occurs without a clear trend. This period, he suggests, may be drawing to a close, with an imminent market movement expected in the coming weeks. The Chopsolidations metric, as Percival notes, doesn’t predict the direction of Bitcoin’s next move. Instead, it assesses the exhaustion level of the current trend, helping to determine whether Bitcoin’s price is due…